The NYT article hints at this Stand Back But Stand By Trump 2020 Shirt when they talk about Trump’s 30% stake in two properties managed by Vornado. Trump has a partial stake in ownership but no operational control at all. Somehow, that’s the only property Trump owns that shows consistent profit and doesn’t require constant re-investment. It’s a stark difference compared to the business Trump runs directly. It’s amazing how the losses always seem to just about equal the earnings, even as the earnings fluctuated dramatically over the years. It’s almost like they knew what the loss number needed to be.
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Then figured out the Stand Back But Stand By Trump 2020 Shirt accounting to get there. Yeah. I think it’s Hollywood accounting to pass the money on to his sons and daughters without hitting the estate tax, similar to how he amassed his own personal wealth. And that’s why he’s either way. He’s either cheating on his taxes or not the success he trumps himself up to be. It’s called tax fraud. They’re not really “losing” money, just pocketing it and claiming losses so they don’t have to pay taxes. It also explains the weird things like Trump Steaks, Trump University, Trump Vodka (he doesn’t even drink!). A real billionaire wouldn’t care about these things. He was flailing around looking for any scam that might make a buck.
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